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Tham khảo tài liệu 'rules of thumb for mechanical engineers 2010 part 17', kỹ thuật - công nghệ, cơ khí - chế tạo máy phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | 390 Rules of Thumb for Mechanical Engineers XYZ Company Balance Sheet Is of March 31 1994 ASSETS Current Assets Cash 25 000.00 Accounts Receivable 268 000.00 Inventory 163 000.00 Total Current Assets 456 000.00 Property Plant Equipment- Building 600 000.00 less Accumulated Depreciation 250 000.00 350 000.00 Equipment 300 000.00 less Accumulated Depreciation 125 000.00 175 000.00 Land 100 000.00 Total Property Plant Equipment 625 000.00 Total Assets 1 081 000.00 Liabilities Current LiabHties Accounts Payable 275 000.00 Salaries Payable 195 000.00 Interest Payable 13 000.00 Income Tax Payable 36 000.00 Total Current Liabilities 519 000.00 Long-Term Liabilities Notes Payable 260 000.00 Total Liabilities snssx ữ.ữù Owner s Stockholder s Equity Capital Stock 200 000.00 Retained Earnings 102 000.00 Total Owners Equity 302 000.00 Total Liabilities Owner s Equity 1 081 000.00 tai by expensing the portion of each asset consumed during each income statement s time period. Depreciation is a noncash expense since no cash flow actually occurs to pay for this expense. The book value of an asset is shown in the balance sheet and is simply the purchase price of the asset minus its accumulated depreciation. There are several methods used to calculate depreciation but the easiest and most frequently used method is straight-line depreciation which is calculated with the following formula _. . _ _ Cost - Salvage Value Depreciation Expense --------- ----- Expected Life of Asset Straight-line depreciation allocates the same amount of depreciation expense each year throughout the life of the asset. Salvage value residual value is the amount that a company can sell or ưade in an asset for at the end of its useful life. Accelerated depreciation methods such as sum-of-the-years -digits and declining balance methods are available and may sometimes be used to expense the cost of an asset faster than straight-line depreciation. Howev- Engineering Economics 391 XYZ Company Income .